Baker Hughes Company (68V.DE) Q3 2025 Earnings Report

Previous: Q2 2025

Baker Hughes Company

68V.DE

€43.19 -0.76%

Exchange: XETRA | Sector: Energy | Industry: Oil Gas Energy

Q3 2025

Published: Oct 24, 2025

Earnings Highlights

Revenue of $7.01B up 1.5% year-over-year
EPS of $0.61 decreased by 19.5% from previous year
Gross margin of 24.3%
Net income of 609.00M
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68V.DE

Company 68V.DE

Period Q3 2025

Currency USD

Report Type Quarterly Earnings

Generated Dec 8, 2025

Executive Summary

- Baker Hughes reported Q3 2025 revenue of $7.01 billion, up ~1.5% year over year (YoY) and ~1.5% quarter over quarter (QoQ), driven by continued demand in oilfield services and a favorable mix across business segments. Gross profit was $1.701 billion with a gross margin of 24.3%, delivering a meaningful YoY gross-margin expansion versus Q3 2024 (~22.3%). Operating income reached $0.948 billion (operating margin ~13.5%), up modestly YoY and meaningfully QoQ despite a swing in other income items.

Key Performance Indicators

Revenue

Increasing

7.01B

QoQ: 1.45% | YoY: 1.48%

Gross Profit

Increasing

1.70B

24.27% margin

QoQ: 5.33% | YoY: 10.31%

Operating Income

Increasing

948.00M

QoQ: 6.88% | YoY: 1.94%

Net Income

Decreasing

609.00M

QoQ: -13.12% | YoY: -20.50%

EPS

Decreasing

0.62

QoQ: -12.68% | YoY: -19.48%

Revenue Trend

Margin Analysis

Financial Highlights

- Revenue: $7.010B; YoY +1.48%; QoQ +1.45%
- Gross Profit: $1.701B; Margin 24.27%; YoY +10.3%; QoQ +5.3%
- Operating Income: $0.948B; Margin 13.52%; YoY +1.94%; QoQ +6.88%
- Net Income: $0.609B; Margin 8.69%; YoY -20.5%; QoQ -13.12%
- EPS (diluted): $0.61; Basic: $0.62; YoY -19.5%; QoQ -12.7%
- EBITDA: $1.159B; EBITDA Margin ~16.5%
- Cash Flow: OCF per share $0.942; FCF per share $0.643; Cash per share $2.73
- Balance Sheet: Debt ratio 0.154; Debt-to-capitalization 0.248; Interest coverage 16.93x; DSO ~84 days; CCC ~98 days
- Valuation (approx): P/E ~19.7x; P/B ~2.6x; P/FCF ~75.8x; Dividend yield ~0.47%

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	7.01B	1.48%	1.45%
Gross Profit	1.70B	10.31%	5.33%
Operating Income	948.00M	1.94%	6.88%
Net Income	609.00M	-20.50%	-13.12%
EPS	0.62	-19.48%	-12.68%

Key Financial Ratios

Gross Profit Margin

Fair

24.30%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Fair

13.50%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Fair

8.69%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

1.55%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

3.32%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.41

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Moderate

0.33

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Fair Value

19.72x

P/E ratio in line with market averages

Price to Book

Fair Value

2.62x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q3 2025	7,010.00	0.61	+1.5%	View
Q2 2025	6,910.00	0.71	-3.2%	View
Q1 2025	6,427.00	0.40	+0.1%	View
Q4 2024	7,364.00	1.18	+7.7%	View
Q3 2024	6,908.00	0.77	+4.0%	View

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Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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